Rsi pointed up frm oversold region.can be bullish for the entire week
MACD appears extremely oversold and at the same time there is a AB=CD formation on EURUSD. We may see a retracement to the neckline (of the broken H&S) which is around 1.0980-1.10, which can be a great shorting opportunity from a medium term perspective.
The stock has reached the last stand for buyers, any close below 290 and sustenance below it will push the stock into bear grip. The RSI is oversold and it can remain in oversold condition in bearish condition for extended period. Any pullback may provide shorting opportunity if weakness persists.
IT IS ALREADY IN SUPPORT ZONE.AFTER IT REACHES CLOSE TO THE SUPPORT ZONE IT HAS A CHANCE TO GO UPTREND BKOZ IT IS ALREADY IN OVERSOLD POSITION.
NIfty Gap Covered. RSI Oversold. 9 consecutive days Red Bars. S1 @ 11070. High RTR.
Possible Bounce back for RELINFRA from Oversold Long with Stop loss below 94 and target 130, 157. Use stop loss
Ashok Lelyland which is heavy and light commercial strong company which is fundamentaly strong company but its share prices are decreasing due to fall in auto sector.But now Ashok Lelyland has gone into oversold zone and is undervalue. As the earning season has started its time to buy Ashok Lelyland. It is expected that Ashok Lelyland will increase today put the...
This is weekly chart of GLENMARK on NSE (INDIA) with CMP @ 665.55. It looks a good opportunity to take a long position in the scrip based on following observations: 1. Support zone has been marked on the chart where price has taken support multiple times in price band of 505-602. Now, the price has come out of this band indicating reversal. 2. It is also observed...
This is weekly chart of MINDTREE (CMP @ 834.60) on NSE (INDIA) which looks good for a long trade based on following observations on the chart: 1. A horizontal line drawn on the chart has acted as resistance during April 2015 to Jan 2018 till price broke out of it on 19th Feb 2018 (marked by arrows). Now, the resistance line has turned into support as indicated on...
This is weekly chart of LT on NSE (INDIA) with CMP @ 1295. It looks good for a long trade based on following observations: 1. Trendline drawn indicates that it has been tested thrice which establishes as strong support (shown with arrows on chart). 2. Similar formation in previous occasion in Jan 2017 as marked on the chart that it's likely to behave in similar...
This is weekly chart of TATAELXSI on NSE (INDIA). It looks good for a long trade based on following justification (CMP @1036.65): 1. Refer the trendline drawn on the chart which has been tested thrice shown by arrows which establishes it as good trending support. 2. Prior to rising this week, it has consolidated for two weeks. Also a bull horns may also be...
Century Textile can be shorted below 780 for 760-740-720. SL can be around 801 1. Trend Line 2. Bearish Engulfing candle on Daily Chart 3. Stochastic - Oversold 4. Poor market sentiment
5 DAY TRADE IN YESBANK MARKET WORKS IN GODLY MANNER NO ONE CAN IMAGINE THE DOWNFALL FOR WHAT REASON AND WHERE THIS PANICK SELLING CAME FROM I AM A PROFESSIONAL TRADER TRADING IS MY BREAD AND BUTTER THIS CALL IS NOT FOR LIGHT HEARTED ONES PLS NOTE THE TRADE IS LOOKING FOR IMMENSE SHORTCOVERING IN THE EXIPRY WEEK SO WATCH OUT BE CAREFUL I AM LIKELY TO SURVIVE...
SWING TRADE IN ESCORTS SEPTEMBER FUTURES BUY@725 STOP@715 TARGET@740 LOT:1100 QTY:2 NOTE:SHORT COVERING TRADE ENTER WITH CAUTION
Jindal Steel has given a breakout and any close above 234 for 238-241-245.
intra-swing trade in arvind september futures buy@493.5 stop@490.8 target@401.5 lot:2000 qty:1
POSITIONAL CALL IN HINDPETRO IF I AM RIGHT WE MIGHT HAVE FOUND THE CRUCIAL SECOND BOTTOM IN HINDPETRO FUTURES TRADE BUY@255 STOP@249 TARGET@290 LOT:1575 QTY:2